The Islamic Revolutionary Guard Corps (IRGC) Navy has denied U.S. claims that the Strait of Hormuz is open to navigation, calling these assertions false amid ongoing maritime tensions between Iran and the United States. Reports indicate a significant decrease in shipping traffic through the strategic waterway, with temporary halts and warnings cited by international sources. Market pricing currently reflects a reduced likelihood of a U.S.-Iran agreement on Hormuz traffic by the August 31 deadline. Analysts note that escalating rhetoric and reduced shipping activity are consistent with growing skepticism about reaching an agreement before the deadline.
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